Chinese, Indian investment professionals show strong support for CBDC in new survey

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Some people like CBDCs – but not all that many.

The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency , saying it wanted to examine the demand-side outlook on the financial technology.

The survey found a wide array of opinions that depended on the location and even the age of the respondents. The response was generally unenthusiastic. Although 47% of respondents said they had a moderate understanding of CBDCs and 42% said they believed that central banks should launch digital versions of fiat currencies , there was a wide divergence between those in developed and emerging markets.

Investment professionals in the United States showed the least support for a CBDC launch, at 31%, compared with 37% in favor in developed markets overall. In emerging markets, support averaged 61%, with support reaching 66% in India and 70% in China. Bankers showed more support than asset managers .The most common reason for supporting CBDCs was accelerated payments and transfers .

Privacy was the most common objection . That was followed by a lack of use case . Only 10% of respondents thought a CBDC would be harmful to banks. Forty-six percent of respondents overall thought a CBDC would have little or no impact on financial inclusion. However, the regional variation in responses was pronounced, as a clear majority in China and India thought a CBDC would improve inclusion, with U.S. respondents coming in lowest at 24%.Willingness to use a CBDC showed similar distributions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine the demand-side outlook on the financial technology.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia – Finance Bitcoin NewsPresident Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation.
Source: BTCTN - 🏆 531. / 51 Read more »